Property
Type, style and structure
- Type
- commercial
- Style
- industrial / Industrial
- Ownership
- Freehold
- Year Built
- 2010
+29 more
0.5 ac
Lot
2010
Year Built
Property Snapshot
Key details for this listing
MLS #10362006
Lot
Land, frontage and setting
- Lot
- 0.5 ac - 0.5
- Neighbourhood
- Main Town
About This Property
This industrial in Summerland offers a 0.5 ac lot. Built in 2010. The property has lot dimensions of 0.5. The home features forced air heating, central air conditioning.
MLS Remarks
Outstanding industrial/commercial investment opportunity in Summerland. This 5,160 sq ft mixed-use building on 21,823 sq ft (0.501 acres) is designed like a duplex, with two commercial units plus a top-floor caretaker residence (4,693 sq ft commercial + 467 sq ft residential). Unit 102 is currently occupied by Crush Dynamics at a base rent of $3,322.50/month on a triple-net basis, with estimated additional rent recoveries of $4.25/sq ft (~ $11,296.50/year), while Unit 101 is vacant and available for lease or owner occupancy. The caretaker suite generates an additional $700/month , bringing current base rental income to $4,022.50/month ($48,270/year). The vacant commercial unit provides immediate flexibility for an owner-user or the opportunity to increase rental income through a new tenancy. Two front-facing 14’H x 12’W bay doors and 19’ ceilings make the property adaptable to a wide range of operations. The paved yard features dual access, ample parking, and additional Seacan storage at the rear. Well maintained and situated in a key industrial area with excellent access, this property is a turnkey opportunity for investors or businesses seeking income, growth, and operational versatility. (id:60351)
Full Listing Details
Address9206 Shale Avenue
MLS#10362006
Listing StatusActive
Property TypeCommercial
Sub-TypeIndustrial
TransactionSale
Days on Market415
Common InterestFreehold
Annual Tax$12,470
Structure TypeOther
StyleIndustrial
Year Built2010
Current UseIndustrial
Living Area5,160 sqft
CitySummerland
NeighbourhoodMain Town
ProvinceBritish Columbia
Postal CodeV0H1Z2
Lot Size0.5 ac
Lot Dimensions0.5
HeatingForced air
CoolingCentral air conditioning
RoofAsphalt shingle, Unknown
ExteriorOther
SecuritySecurity system
SewerMunicipal sewage system
Water SourceMunicipal water
Annual Tax$12,470
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